2024 Stimulus Check Update Approved By Government. The bill provides direct payments worth up to $1,400 per person. While the 2024 cola adjusted social security checks based on inflation, not everyone believes the payment update adequately reflects the price hikes seniors are seeing on.

Page last reviewed or updated: Washington — this week, treasury and the irs are starting to send nearly 4 million economic impact payments (eips) by prepaid debit card, instead of by paper check.